Gold (XAU/USD) is trading at $2326.26, down 0.29%. On the 4-hour chart, the pivot point is at $2319.15. Key resistance levels are at $2328.55, $2337.03, and $2345.35, while immediate support is at $2315.63, followed by $2310.45 and $2303.05. The 50-day EMA stands at $2323.61, and the 200-day EMA is at $2329.53.
A 50 EMA crossover suggests potential bullish momentum, but the downward trendline could pose resistance at $2328.55. The outlook remains bullish above $2320, yet a break below this level could trigger a sharp selling trend.